WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

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WHAT WAS HAMILTON’S ECONOMIC PLAN?

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Transcript of WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

Page 1: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

WHAT WAS HAMILTON’S ECONOMIC PLAN?

Page 2: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

WASHINGTON’S PRESIDENCY

Economic Problems

Page 3: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

DAILY GOALS

6. Debate how the ideas behind Hamilton’s

economic plan would be received today

7. Describe the causes of the Whiskey

Rebellion

8. Describe Washington’s reaction to this

event and its impact on the country

Page 4: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

THE US ASSUMES ALL STATE DEBT

Lets take a look at that clock again…

http://www.usdebtclock.org/

Positives

Negatives

http://www.usdebtclock.org/
http://www.usdebtclock.org/
http://www.usdebtclock.org/
Page 5: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

CREATE A NATIONAL BANK

Positives Negatives

Page 6: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

IMPOSE HIGH TAXES ON IMPORTED GOODS

Check the tag on your shirt, where was it made?• Are goods made in America cheaper than imports?

How would this impact you and your family?

Page 7: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

THE WHISKEY REBELLION

Washington is THE MAN!

Page 8: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

CAUSES

Congress puts a tax on all whiskey to raise

treasury funds

Meanwhile, backcountry farmers are using their

surplus of corn to make whiskey.

American Revolution anyone?

Page 9: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

WASHINGTON’S REACTION AND IMPACT

The only president to ever ride into battle during

his term in office!• Pardons the leaders of the rebellion

Armed rebellion is UNACCEPTABLE!

Page 10: WHAT WAS HAMILTON’S ECONOMIC PLAN?. WASHINGTON’S PRESIDENCY Economic Problems.

DAILY GOALS REVISTED

1. Debate how the ideas behind Hamilton’s

economic plan would be received today

2. Describe the causes of the Whiskey

Rebellion

3. Describe Washington’s reaction to this

event and its impact on the country


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